Thursday, June 14, 2012

Time to add

In the next few days, I'll wait for a pullback to add. When we went to 2.8 last time, I was not quite convinced on the up-move. Today we had about 0.3+ move which is about $3000+ per contract and I'm convinced that this is a legitimate bottom. 

Double-bottom is one of the strongest bottoming patterns and I expect we'll consolidate for a while, but will eventually take out the 2.8 level. I'll add one soon and exit one out a little above 2.8 and ride the rest.

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